Feb. 6 (Bloomberg) -- Northam Platinum Ltd., the South
African miner that endured an 11-week strike at the turn of the
year, expects to post a loss when it reports results this month.

Northam is likely to post a loss per share excluding one-time items of 15 cents (1 U.S. cent) to 25 cents for the six
months through December, the Johannesburg-based company said
today in a statement. That compares with a profit of 36.3 cents
a share a year earlier.

The industrial action at Northam’s Zondereinde mine, its
biggest operating asset, cost the company 750 million rand in
lost revenue. The National Union of Mineworkers signed a two-year deal Jan. 21 to end the walkout that included pay increases
of as much as 9.5 percent. Other platinum producers in South
Africa remain on strike after talks stalled with another union.

Northam Platinum traded at 40.78 rand, up 0.6 percent, as
of 12:34 p.m. in Johannesburg after earlier falling 3.7 percent.

The company raised 600 million rand during the strike by
selling shares as it sought to weather the stoppage and bolster
finances for capital expenses at its new Booysendal mine.

The Booysendal site, which started production in July, is
still ramping up and “not yet in a position to contribute
positively to the group’s earnings,” Northam Platinum said in
today’s statement. The company plans to publish financial
results on or around Feb. 21.